Tuesday, 02 January 2024 12:17 GMT

India Strengthens Energy Ties with US


(MENAFN) Indian Foreign Minister S. Jaishankar announced on Sunday that India is strengthening its energy partnership with the United States to safeguard its energy stability.

Following bilateral discussions in New Delhi with US Secretary of State Marco Rubio, Jaishankar emphasized the importance of reliable energy access. He stated: “We spent some time today discussing energy issues, and again, you're all aware that our government's fundamental responsibility is to address the needs of 1.4 billion people. Obviously, ensuring the accessibility and affordability of energy for them is our prime objective.”

During the joint press briefing, Jaishankar highlighted recent progress: “Secretary (Rubio) and I, therefore, welcome the expansion in our energy trade in recent months. Diversified supplies are at the heart of energy security for India.”

Relations between the two long-standing partners had previously been strained due to Donald Trump’s tariff measures on India, partly linked to New Delhi’s purchase of Russian oil during the Ukraine conflict.

Rubio, after meeting Prime Minister Narendra Modi a day earlier, suggested that US energy exports, along with supplies from Venezuela, could help India broaden its energy sources.

India, once a major buyer of Iranian oil, halted imports in 2019 due to US sanctions. However, it resumed purchases this year after Washington granted a waiver amid ongoing tensions with Tehran.

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